Wealth Taxation, Including Net Wealth, Capital and Exit Taxes

This report has been prepared for the European Commission, Directorate-General for Taxation and Customs Union (DG TAXUD), under framework contract TAXUD/2024/CC/176, as part of the study Wealth Taxation, Including Net Wealth, Capital and Exit Taxes. The purpose of the study is to provide a comprehensive assessment of the design, functioning and economic implications of recurrent and non-recurrent taxes on wealth, including how they interrelate with and complement one another. The report presents the study's findings, including a mapping of existing taxes, a comprehensive review of the relevant theoretical and empirical literature, insights into the key common principles required for the successful implementation and functioning of recurrent wealth-related taxes, and key takeaways and recommendations for the successful design and implementation of these taxes, particularly in the EU. The report is split into two separate volumes. The first volume examines wealth-related taxes, while the second provides an in-depth analysis of selected countries, both in Europe and worldwide, to present examples of net wealth taxation.